book value
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
The total issued and outstanding of GRAPES Company ordinary shares
at ₱10 par is 100,000 shares. All of the 100,000 shares were issued at
average price of ₱12.50 per share. As of report date, the treasury shares
has a balance of ₱150,000. Total liabilities of the corporation is ₱400,000.
How much is Its book value?
Choices:
₱ 700,000
₱ 850,000
₱ 1,100,000
₱ 1,000,000
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